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題名 資本在金融危機期間對績效的影響:以英國壽險業為例
作者 許永明
貢獻者 風險管理與保險學系
關鍵詞 資本;危機;壽險公司;績效;成長;獲利能力
Capital; crisis; life insurers; performance; growth; profitability
日期 2014
上傳時間 25-Dec-2017 14:50:59 (UTC+8)
摘要 本文研究壽險公司的資本對其績效的影響,我們以成長及獲利能力來代表公司的績效。利用英國壽險公司自1985年至2012年的資料,我們將樣本分成大小公司與2008金融危機前後。我們發現:資本對小公司的影響比較大,特別在金融危機發生以後。我們也發現:資本對小公司的成長有正向影響,但對獲利能力有負面影響。
This study aims to examine the effects of capital on life insurer performance, proxied by growth and profitability. Using the UK statutory returns of life insurers from 1985 through 2012, we split our sample by insurer size: small and large insurers. We then examine how capital affects insurer performance before and after financial crisis which occurred in 2008. Ordinary least squares and random-effects regressions are employed. We find that capital is more important in determining performance for small than large insurers, especially during crisis periods. To be more specific, capital is positively related to growth and negatively associated with profitability for small insurers.
關聯 執行起迄:2014/08/01~2015/11/30
103-2410-H-004-133
資料類型 report
dc.contributor 風險管理與保險學系zh_Tw
dc.creator (作者) 許永明zh_TW
dc.date (日期) 2014en_US
dc.date.accessioned 25-Dec-2017 14:50:59 (UTC+8)-
dc.date.available 25-Dec-2017 14:50:59 (UTC+8)-
dc.date.issued (上傳時間) 25-Dec-2017 14:50:59 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/115361-
dc.description.abstract (摘要) 本文研究壽險公司的資本對其績效的影響,我們以成長及獲利能力來代表公司的績效。利用英國壽險公司自1985年至2012年的資料,我們將樣本分成大小公司與2008金融危機前後。我們發現:資本對小公司的影響比較大,特別在金融危機發生以後。我們也發現:資本對小公司的成長有正向影響,但對獲利能力有負面影響。zh_TW
dc.description.abstract (摘要) This study aims to examine the effects of capital on life insurer performance, proxied by growth and profitability. Using the UK statutory returns of life insurers from 1985 through 2012, we split our sample by insurer size: small and large insurers. We then examine how capital affects insurer performance before and after financial crisis which occurred in 2008. Ordinary least squares and random-effects regressions are employed. We find that capital is more important in determining performance for small than large insurers, especially during crisis periods. To be more specific, capital is positively related to growth and negatively associated with profitability for small insurers.en_US
dc.format.extent 683135 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) 執行起迄:2014/08/01~2015/11/30zh_TW
dc.relation (關聯) 103-2410-H-004-133zh_TW
dc.subject (關鍵詞) 資本;危機;壽險公司;績效;成長;獲利能力zh_TW
dc.subject (關鍵詞) Capital; crisis; life insurers; performance; growth; profitabilityen_US
dc.title (題名) 資本在金融危機期間對績效的影響:以英國壽險業為例_TW
dc.type (資料類型) report